Archive | Market Stats RSS feed for this section

Pittsburgh Office Space: Vacancy Up Slightly, Rates Up As Well

Pittsburgh Office Space Report 1st Quarter 2014 The Pittsburgh office market saw an uptick in overall vacancy; rising from 8% at the end of 2013 to 8.3% at the end of the first quarter of 2014.  The weakness was seen primarily in the Class “A” space which had been a strong performer over the past […]

Read more

Appraisal’s For Commercial Property

Obtaining an appraisal for a commercial property under the post 2008 changes to banking is one of the longer lead time items that a potential buyer or seller needs to consider.  Below are the steps to consider, all adding up to a 3-6 week process currently in the Pittsburgh area. 1. The Inspection Is Only […]

Read more

Why you should buy commercial real estate in 2014

          Why should you buy commercial real estate in 2014?  The impact of the financial crash of 2008 seems like a distant bad memory.  The broader economy is recovering to a more normal pattern of growth.  Unemployment is steadily ticking down.  The stock market is up significantly this year, the Fed […]

Read more

Vacany Rate Drops to 8.1% for Pittsburgh Office Space

The Pittsburgh Office market continues to see increased occupancy with a positive net absorption of 221,444 SF* across all classes of office space in the region.  Vacancy rates for all classes of office space have decreased to 8.1% and rental rates increased 1.1% between the second and third quarter of 2013.  The rental rate for […]

Read more